RTX Co. (NYSE:RTX) Shares Purchased by LRI Investments LLC

LRI Investments LLC grew its position in shares of RTX Co. (NYSE:RTX) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,543 shares of the company’s stock after purchasing an additional 4,732 shares during the period. RTX makes up about 0.8% of LRI Investments LLC’s investment portfolio, making the stock its 18th largest position. LRI Investments LLC’s holdings in RTX were worth $9,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RTX. Elgethun Capital Management grew its holdings in shares of RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC increased its stake in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after buying an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares during the last quarter. Finally, Canal Capital Management LLC lifted its position in shares of RTX by 2.1% during the third quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after purchasing an additional 87 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $117.99 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a twelve month low of $79.67 and a twelve month high of $128.70. The business’s 50 day moving average price is $122.16 and its two-hundred day moving average price is $115.15. The company has a market cap of $157.05 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 EPS. On average, analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.14%. RTX’s dividend payout ratio is currently 72.00%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and lifted their price target for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays raised their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.